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2 US senators call for probe into Deutsche Bank's compliance history

U.S. Democratic senators Elizabeth Warren and Chris Van Hollen have called for a Senate investigation into Deutsche Bank AG's compliance history.

They wrote a letter to the Senate's banking committee to request a probe into the German lender's correspondent banking operations and money laundering vulnerabilities.

"The compliance history of this institution raises serious questions about the national security and criminal risks posed by its U.S. operations," the senators said in the letter. "Its correspondent banking operations in the U.S. serve as a gateway to the U.S. financial system for Deutsche Bank entities around the world."

The letter comes amid recent enforcement actions against the bank, a raid of its offices in Frankfurt and allegations of its role in clearing billions of dollars of suspicious funds for Danske Bank A/S.